Form 4: Femasys Inc. Director Alistair Milnes Reports Stock Option Grant
SEC Form 4 Filing
Director Alistair Milnes reports the acquisition of stock options in Femasys Inc.
Summary
- On July 12, 2024, Alistair Milnes, a director of Femasys Inc., reported the acquisition of 17,600 stock options.
- The stock options have an exercise price of $1.14.
- The options vest one year from the grant date, assuming continued service, and expire on July 12, 2034.
- Following the transaction, Milnes directly owns 17,600 derivative securities.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't inherently indicate positive or negative sentiment, but rather reports a transaction.
Positives
- The grant of stock options to a director aligns their interests with those of the shareholders.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The stock option grant aligns the director's interests with shareholders, potentially incentivizing actions that increase shareholder value.
Key Dates
| Date | Description |
|---|---|
| 07/12/2024 | Date of stock option grant and transaction. |
| 07/12/2034 | Expiration date of the stock options. |
| 07/15/2024 | Date of signature on the Form 4 filing. |
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